Propstream Review: Is This the Best Tool for Real Estate Investors?

What Is Propstream?

Real estate investing is all about finding off-market deals before the competition. That’s where Propstream comes in. It’s a powerful data tool that helps investors find motivated sellers, analyze deals, and market to property owners with built-in tools for direct mail, skip tracing, and more. For wholesalers, flippers, and buy-and-hold investors, Propstream offers a way to identify distressed properties, pull targeted lead lists, and streamline their marketing efforts—all in one platform. But is it worth the monthly cost? Let’s break it down.

How Much Does Propstream Cost?

The base subscription is $99 per month, which gives you access to nationwide property data, owner contact info, and analytics. Additional services like skip tracing ($0.12 per lead) or list stacking can increase costs. For serious investors, one solid deal can easily cover a full year of Propstream. The real question is: Will you use it effectively to generate leads and close deals?

Is Propstream Better Than the MLS?

It depends on your strategy. The MLS (Multiple Listing Service) is great for finding on-market deals—but that also means heavy competition. If you’re looking for vacant homes, tax-delinquent properties, pre-foreclosures, or absentee owners, Propstream gives you access to these deals before they ever hit the market. For agents and traditional buyers, the MLS is still essential. But for investors focused on off-market properties, Propstream is the better tool.

What Is Propstream Used For?

Propstream is designed to help real estate investors find, analyze, and market to motivated sellers. Here’s how it’s commonly used:

• Finding Off-Market Deals – Pull lists of distressed properties, including vacant homes, pre-foreclosures, and high-equity properties.
• Skip Tracing Owners – Get accurate phone numbers and emails for sellers so you can reach out via cold calling, direct mail, or SMS marketing.
• Analyzing Deals – Use MLS comps, lien data, and estimated rehab costs to determine if a property is a good investment.
• List Stacking – Filter leads based on multiple motivation factors (e.g., high equity + tax delinquency) for highly targeted marketing campaigns.
• Built-In Marketing Tools – Send postcards, emails, and even ringless voicemails to property owners directly from the platform.

Propstream Features Explained

Here are some of the standout features that make Propstream a must-have for real estate investors:

Nationwide Property Data

Search millions of properties across the U.S., including vacant homes, tax liens, absentee owners, and pre-foreclosures.

Advanced Filtering & List Building

Create hyper-targeted lead lists by filtering properties based on ownership type, equity percentage, distress indicators, and more.

Skip Tracing

Find accurate phone numbers and emails for property owners, allowing you to reach out via cold calling, text, or direct mail.

Comparables & Market Analysis

Access MLS and public records comps to quickly evaluate a property’s After Repair Value (ARV) before making an offer.

Rehab Estimator

Get estimated renovation costs based on local pricing, helping you decide whether a deal makes sense for flipping or buy-and-hold investing.

Built-In Marketing Tools

Send direct mail, launch ringless voicemails, and track lead engagement—all from within the platform.

Propstream vs. DealMachine

Propstream and DealMachine are both popular tools, but they serve different purposes:

• Propstream – Best for nationwide data, list pulling, and market analysis.
• DealMachine – Best for driving for dollars and sending direct mail on the go.

Many investors use both together, leveraging Propstream for data-driven lead generation and DealMachine for hands-on property scouting.

Propstream vs. BatchLeads

• Propstream – Ideal for building large lead lists and pulling nationwide property data.
• BatchLeads – Designed for skip tracing and SMS marketing, making it a great choice for investors who rely heavily on text outreach.

Investors often pair Propstream for lead generation with BatchLeads for high-volume text marketing.

Is Propstream a CRM?

Not exactly. While it lets you save and organize property lists, it lacks the deep pipeline management features of a true real estate CRM like REsimpli or Podio. If you need follow-up tracking, automation, and advanced lead management, you may want to pair Propstream with a dedicated CRM.

Propstream vs. PropertyRadar

• Propstream – Best for nationwide data and large-scale lead generation.
• PropertyRadar – Focused on hyper-local data and demographic targeting.

If you invest in multiple markets, Propstream is the better option. If you specialize in one region and want deep local insights, PropertyRadar may be a better fit.

Final Thoughts: Is Propstream Worth It?

If you’re a wholesaler, flipper, or buy-and-hold investor looking for off-market deals, Propstream is one of the best tools available. Its nationwide data, advanced filtering, and built-in marketing features make it an essential resource for scaling your investing business. For $99/month, it only takes one good deal to pay for an entire year of Propstream. The real question is: Will you use it to its full potential? If you're serious about real estate investing, Propstream can give you the edge you need to find and close more deals. Pair it with direct mail marketing or a real estate answering service to maximize your lead conversion and dominate your market.